Lawyers Collecting Judgments

My articles are my opinions, and not legal advice. I am
a Judgment Broker,
and am not a lawyer. If you ever need any legal advice
or a strategy to
use, please contact a lawyer.

Attorneys are important
experts that are
often, however not always, appropriate choices to
recover specific
judgments. Judgment recovery can often be difficult and
time-consuming.
When an attorney is qualified and right for your
judgment, they can really
help. Attorneys are especially helpful for difficult
recovery situations,
to manage all or part of your judgment recovery
project.

Most attorneys are experts at winning the lawsuits that
create judgments,
and most do not recover judgments. With most attorneys,
winning court
cases is usually a lot more interesting than enforcing
judgments. When the
right judgment situation meets the right judgment
recovery attorney, magic
(recovering money from your judgment debtor) can
happen.

When your judgment debtor has assets, yet is absolutely
determined not to
pay you, hiring a collection attorney can sometimes
intimidate your
judgment debtor, to find the money to pay or settle
your judgment.
Usually, hiring an expert collection attorney to
recover your judgment,
will save you a lot of hassle and stress.

While hiring a collection lawyer can cost you a lot of
money, with their
retainer and hefty hourly fees, sometimes a lawyer is
the right choice to
recover your judgment. Ideally, you might find a lawyer
that would work
for, at least partially, on a contingency basis.
Unfortunately, most
judgments are not strong enough to interest pure
contingency collection
lawyers. Collection lawyers will often work on a
contingency basis, if
your judgment is large and your judgment debtor has a
lot of assets.

Usually, the larger the judgment and your judgment
debtor's available
assets are, the more sense it makes to retain an
attorney. In addition to
making sure your judgment debtor has sufficient assets
to at least
partially repay your judgment, the most chance for
successful recovery, is
when you retain the right attorney for your judgment
situation.

How do you find the right collection lawyer for your
judgment? Usually,
when you want to find a lawyer, it is a good idea to
start with the local
State Bar for your state or county, or get a referral
from a friend,
another trusted lawyer, or a judgment broker. The ideal
collection
attorney is one who has successfully recovered
judgments before, where the
post-judgment recovery situations were similar to that
of your judgment
and judgment debtor.
In many states, the rules of professional conduct
require attorneys
to put their client's interests ahead of their own.

You do not always need an attorney to recover a
judgment. You can recover
a judgment yourself, sell it for pennies on the dollar,
or assign it to a
judgment enforcer; however sometimes retaining an
attorney (who is by
definition an expert) makes the most sense.